yesterday the #Bitcoin ETFs ate 14 days of miner supply
Discussion
why do people continue to hold gbtc when it's got this high fee thing?
I think they may be trying to push their capital gains into next year
I predict on January 1st we will see big outflows from gbtc
this could cause a price dip
if there still is a 4 year cycle, maybe some are waiting to sell GBTC on the PlanB schedule next year.
more people will sell at a million than wll sell at 60k I think
yes, at some point the 15% cap gains would make sense to pay to move over to a lower fee, but that's still 10 years of 1.5% fees. So if they keep it in there for 5 years, they would pay 1.5% plus 15% which would not make sense if they convert to a lower fee etf. So they must be planning to sell out of Bitcoin ETFs entirely within the next couple years
if this theory is right and GBTC fee doesn't drop, that means everyone holding GBTC plans to sell as the price goes to a level that they think is a peak?
if I was gbtc I would drop the fee at some point